In a major push to streamline pension contributions and reduce administrative errors, the National Pension Commission (PenCom) has approved nine Pension Service Solution Providers (PSSPs) to help employers remit pension contributions with greater speed, accuracy, and transparency.
These PSSPs are equipped with real-time verification tools that match contributors’ Personal Identification Numbers (PINs) and Pension Fund Administrators (PFAs) directly with PenCom’s central database.
This ensures that contributions are accurately linked to the correct employee accounts, reduces errors, and speeds up processing timelines.
According to PenCom, the newly approved platforms offer automated record-keeping, instant validation of employee details, and efficient reconciliation processes—transforming what was once a cumbersome manual process into a seamless digital experience.
Employers looking to improve compliance with the Pension Reform Act and avoid penalties for late or inaccurate remittances are encouraged to adopt any of the nine approved PSSPs:
- PayPen – by Netline Ltd (paypen.ng)
- Paythru – by Pethahiah Rehoboth International Ltd (pensphere.ng)
- Pension Central – by Chams Plc (pensioncentral.ng)
- CyberPay – by Cyberspace Ltd (penremit.ng)
- Awabah Remit Services Nigeria Limited (penpay.com.ng)
- Gemspay Solutions Limited (gemspaysolution.com)
- Uniswitch Technology Limited (uniswitchng.com)
- Interswitch (interswitchgroup.com)
- Nigeria Inter-Bank Settlement System (NIBSS) (nibss-plc.com.ng)
These platforms are part of a wider industry effort—led by the Pension Operators Association of Nigeria (PenOp)—to modernize pension administration and improve contributor confidence in the retirement system.
By integrating digital tools that enhance compliance and accuracy, the introduction of PSSPs is expected to significantly reduce delays and mismatches in pension remittances, a recurring problem for many employers and workers in the past.
Employers across Nigeria are now encouraged to “make the switch” and adopt any of these approved PSSPs to guarantee timely, compliant, and transparent pension contributions for their employees.
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